Author: brie4901 Posted: Thu Oct 16, 2003 4:03 pm Post subject: Which CArd Should I Get to Establish Credit
Hello everyone! I am in need of some help:
I can not get a credit card from anyone! Im 18 and I have ALOT of inquiries on my credit. I just started college and I have a brand new car(my dad cosigned who has excellent credit) and cell phone in my name, but neither of them are on my credit yet. Is there any hope for me getting a credit card, or have I spoiled all of my chances by applying for everything?!?!
Author: Guest Posted: Fri Oct 17, 2003 3:23 am Post subject: Which CArd Should I Get to Establish Credit
Ask your Dad to cosign you a credit card first. After a year or so, apply your own card. Your Dad's excellent credit history might boost your credit score and credit worthiness. But remember to pay your bills on time. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Aisha Posted: Fri Oct 17, 2003 4:21 pm Post subject: Which CArd Should I Get to Establish Credit
:wink:Your income to debt ratio and the many inquiries might be why Your best bet instead of putting someone else in your quest is to go for a secured card where you put a deposit and they give you a card for a certain amount, you pay monthly and make sure it is a bank that reports to the CRAs monthly. Use a good bank or CU, and stay away from first premier. Another option if you are a full time student would be to try for a student card, but I'd wait about six months from all of those recent inquires before I try this avenue Good luck to you CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Aisha Posted: Fri Oct 17, 2003 4:27 pm Post subject: Which CArd Should I Get to Establish Credit
Don't fall for direct merchant bank either; or any of these offers of credit card for a one time large fee, they are bogus. Getting, maintaining and keeping a credit card and good fico score is no "game", it takes dependability, maturity, and accuracy to obtain the key to good credit; and may I suggest you use credit wisely, pay on time, not exceed 30% of your credit line, and order your credit reports periodically to make sure there are no mistakes on your credit reports
Author: dave Posted: Tue Oct 14, 2003 6:42 pm Post subject: Sudden Rate Increase on Credit Card
Account history: 3 years, no lates ever on any account business or personal. 18K credit line. Utilization on all cards 17%.
What happened: Advanta offered a 0% cash advance for 5 months. I accepted the offer, wrote myself a check for 9K and made minimum payments during the term of the offer. It expires in November.
Last week, I called to ask for a "go-to" APR reduction from 15.94 to 9.9. They said they couldn't do that but would change the rate to 13.9 immediately. I said "fine."
A few days after the call, I received a notice of change of terms jacking my rate to 27% effective 11/1. I called to ask WTF. The rep. first said they are doing this "across the board." and then inconsistently stated that the rate was changed because of a periodic account review. The rep explained that I could close my account and keep the same terms, i.e., the 13.9 rate. I guess the account review showed that I owed them 8K at a teaser rate that was set to expire and that they could reap huge profits from charging 27% on that amount of money.
But due to the knowledge I've gained from reading boards like this, I would never have borrowed this amount of money without an escape plan.
I will pay the account off in full before November as I have always intended to do. I considered closing it but decided I'd rather leave it open to help my balance to limits ratio. The card will go into a deep freeze while they continue to incur acount maintenance costs. Their astonishing greed and stupidity cost them a customer who paid $700 in interest charges last year alone.
Author: Guest Posted: Wed Oct 15, 2003 12:05 am Post subject: Sudden Rate Increase on Credit Card
You're tilting at windmills. If you're going to pay off the balance during the 0% window, what do you care what they do after that? Pay it off & get another low interest card. 27% or 127%, if you have no balance it costs you nothing.
BTW, I pull that trick of writing myself a check on a 0% teaser rate card all the time. I put the money in a savings account and pretend it doesn't exist until the 0% rate is about to expire at which time I withdraw the principle, pay off the card, and keep the interest. Hopefully that's what you're doing and you can pay off your balance before the real rate takes affect.
Author: merry Posted: Sun Oct 12, 2003 12:09 am Post subject: Bank One Credit Card Application
I recently applied for a bank one credit card with a 0% APR on BT for one year and a 7.99% rate for purchases. Within a matter of hours, i realized that I did NOT want this card and called to have the application cancelled. Customer service said NO, it was out of their hands. To make matters worse, I had asked for a $2000 balance transfer. I pray to the credit card gods that I get denied! Any advice on how to stop this application??? Please help immediately!!!![/b] CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Aisha Posted: Sun Oct 12, 2003 4:45 pm Post subject: Bank One Credit Card Application
It depends on how long they've had the application in process. once you have the card see if you can catch it before they do the tranfers and see if they can cancel it or keep calling to see if it is approved and when they say yes, ask them to cancel it. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Ira Posted: Mon Oct 13, 2003 12:12 am Post subject: Bank One Credit Card Application
No, you do NOT want your application to be denied. That would indicate a worse problem with your credit. Call again and if you still do not get satisfaction ask to speak with a supervisor or to the department that handles new applications. Of course you can cancel your application. The first person you spoke with was either uninformed or misinformed. Why do you not want the card? 0% balance transfer rate for a year sounds excellent to me. What's the problem?
Bank One hurt me man! I thought they loved me. They done changed terms on me just when I was perfecting my debtman float. It ain't easy swimming to shore after being thrown overboard and left for dead. What's this I see?
Now the paddlewheel called the "Bank of America" comes along side and offers me a credit limit increase. A tolerable 9.9%, 8.9%, if I transfer balances. With this, I can move all of my Bank One balance elsewhere. When you are wet, and on the river, you'll take it.
Bank One sure got rid of me and all that pesky interest I was paying them. I wave to them as they disappear around the bend. I reshuffle my debt until I get comfortable and happily float down the river.
Two Cycle Daily Balance Credit Card Interest Method
Author: Guest Posted: Wed Sep 24, 2003 6:55 pm Post subject: Two Cycle Daily Balance Credit Card Interest Method
I noticed Bank One's terms and conditions. Unlike other credit cards, Bank One and Discover use two cycle daily balance method which add up more interest than Average Daily Balance method. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Verne Posted: Wed Sep 24, 2003 7:42 pm Post subject: Two Cycle Daily Balance Credit Card Interest Method
Big,
You're right. There's something about a 2-cycle billing which I didn't have with Wachovia.
I've never been sure about the impact of this. Math really isn't my strong suit. Obviously, credit cards isn't my strong suit either or I wouldn't be in this fix.
This latest closing will lower my available credit by 25% and make my debt ratio over 90%. I'm now down to 3 cards with only one I can trust to never reprice or change terms.
What's incredible is that Bank One sent me a 5.9% balance transfer a week before the change of terms came in a separate envelope. 5.9% for the "life of the loan". Yeah sure. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Ira Posted: Wed Sep 24, 2003 10:10 pm Post subject: Two Cycle Daily Balance Credit Card Interest Method
Verne, have you called and asked about the 5.9% for the life of the loan offer? What did they say? If the answer is what you want to hear that they truly will not raise the finance charges during the life of the loan and you are paying on time, write a balance transfer check to yourself, deposit it in your checking account, and turn right around and pay off your own balance with their money.
Oh wait....they would probably apply the payment to the lower balance transfer debt before they credited anything against the purchase balance and it would be a wash. Oh well, not all ideas are winnere. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Peachkiwi Posted: Thu Sep 25, 2003 9:02 am Post subject: Two Cycle Daily Balance Credit Card Interest Method
Quote: It finally happened. My old Wachovia account, that Bank One bought, has just been repriced. I sent in my rejection of the new terms and closed the account.
I feel your pain! I also have an old Wachovia account at 6.15%! I haven't received the repricing as yet though. Ever since Bank One bought the account, I figured it was just a matter of time before they increase their interest rates because the lowest they were offering was in the ball park of 9%--at least according to their web site.
Author: Eugene Posted: Fri Sep 26, 2003 10:05 am Post subject: Two Cycle Daily Balance Credit Card Interest Method
Verne, a couple of points come to mind.
1. Consider getting a new card, or at least more credit on the existing accounts, soon (before Bank One reports the account closed) to improve the balances to limits ratio. 90%+ is bad enough that a new account might actually improve things (a new account might hurt you less than the high ratio does).
2. Two-cycle daily balance method is not as bad as you might think. With it you underpay interest the first month you carry a balance and overpay it the first month you stop carrying balance. The bottom line is comparable (although my understanding is it's not the same, especially if there are transactions during the cycle). Two-cycle method does not affect you if you do not carry a balance; affects you very little if you carry it for a while, then stop forever; and affects you somewhat more (including a significant confusion factor) if you carry the balance in some months and pay it off in others.
3. How can you trust even one card to "never reprice or change terms"?
4. Irony apart, why didn't you take the "5.9% for the life of the loan" offer? To avoid having two balances with different APRs on the same card? If that's the case, you could have first moved ALL balances away from the card temporarily, then transfered whatever you need back at 5.9%.
Author: Guest Posted: Wed Sep 17, 2003 8:43 am Post subject: Unsecured Credit Card Offer Ripoff
2 years ago I opened an account which I thought was a credit card, but actually turned out to be a unsecured ccheking account. I paid $250.00 to have a $300.00 credit limit, but all I can do is write checks off it. Well since this time, I haven't used it very much and for those two years I have been paying $50.00 a year to keep it open. My question is: If I close it will my credit score go down? Or is it worth while to let it remain on my credit report for $50.00 a year? Thanks for any advice that anyone may give. Angie CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
I'm not sure, but if this is a Cross Country secured credit card, it's only value would be if it reports to the three credit reporting agencies and you build credit.
Even if it reports, is it worth $50? Cross Country has a very bad reputation and is involved in one lawsuit after another. They are some of the lowest forms of credit card life.
Without revealing any personal information, what's your debt situation and how many cards do you have? If you have a very short history and Cross Country is at least reporting to all 3 CRA's then perhaps the $50 annual fee is worth it as a way to build credit.
Whatever you do, read the fine print. I mean, get out the microscope. Afterall, you are dealing with primitive life forms.
Author: milavant Posted: Sun Sep 14, 2003 3:52 pm Post subject: Citi Shell Mastercard
Ira, sorry my first message did not post correctly.
I asked if you get screwed by Citibank when they calculate your rebate. Do they deduct the previous month's rebate paidfrom your purchases for the following month so that you do not get a rebate on the full amount of purchases, thus giving you something less than the 5% (or 1% for nongas purchases)?
Someone wrote that they do this. You are a big Shell Mastercard supporter.
Author: Ira Posted: Mon Sep 15, 2003 10:55 pm Post subject: Rebates from Credit Cards
Ah! That explains the seemingly nonsensical first message. Thanks.
In answer to your real question, I have no idea how Citibank figures the rebate. I often think they pull their figures out of the air. Often they give me a rebate that's MORE than it should be!
Example: Here are my figures from a recent Citibank Shell Card statement. Shell gasoline purchases: $88.00. Non-gas purchases: $108.61.
Ok, do the math with me. $88.00 x 5% = $4.40. $108.61 x 1% = $1.09. Total rebate: $5.49. Sound correct so far? Good!
So how come the actual rebate on my statement was - are you ready for this??? - $6.74!!!
I cannot explain this and it isn't worth calling customer service, but I'll take it! Hope this answers your question and doesn't confuse you too much.
Author: union Posted: Tue Jul 29, 2003 4:51 pm Post subject: Credit Cards That Don't Charge Late Fees
does anyone know any banks who give credit cards with high credit limits after year,year and half credit history.(no over limits,no late payments) I have heard about MBNA and Fleet is that true. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Sweetened Posted: Tue Aug 19, 2003 7:36 pm Post subject: Credit Cards That Don't Charge Late Fees
Phooey.
MBNA didn't get to be the largest credit card issuer by having a poor product. They didn't get rated #1 in customer service for nothing.
Rick wasn't meeting his minimum payments and now is griping because of the results.Either that or he opened up numerous other accounts which then raised his risk with the bank. In any case,it's simply a case of sour grapes.
Call MBNA. See what they have. They will not give you a card if there are any bankruptcies in your past, though. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Verne Posted: Fri Aug 22, 2003 11:53 pm Post subject: Credit Cards That Don't Charge Late Fees
Fleet tends to give high limits. But GM (Household Bank) outdid them with 3 credit limit increases in 3 years and the transfer offers got better and better. My scores weren't that great, and my debt ratio was astronomical. At times I was using about 95% of my limit with them, half expecting a change in terms - but it never came. (I guess it could come tomorrow now that I've hexed myself)
Eventually the church and the credit card companies will be one and the bankrupt becursed of the earth will be denied burial in the church bank's cemetery - because even in death there's no escape. Whether you are raptured or reincarnated - they got you covered and are waiting. My next three lifetimes are mortgaged.
If I have Household Bank (GM Card) figured out, they want you to run up a huge debt and get into trouble. But they will leave you alone if you stay free of derogs on your credit report.
Author: Guest Posted: Thu Aug 28, 2003 8:38 am Post subject: Credit Cards That Don't Charge Late Fees
Sweetened wrote: Phooey.
MBNA didn't get to be the largest credit card issuer by having a poor product. They didn't get rated #1 in customer service for nothing.
Rick wasn't meeting his minimum payments and now is griping because of the results.Either that or he opened up numerous other accounts which then raised his risk with the bank. In any case,it's simply a case of sour grapes.
Call MBNA. See what they have. They will not give you a card if there are any bankruptcies in your past, though. WATCH MBNA EVERY SECOND I HAVE 2 CARDS WITH THEM QUANTUM AND PLAT PLUS, AND THEY GIVE GENEROUS CLS BOTH OVER 20,000 CHECK OUT MBNASUX.COM CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Ira
Dear Mr/Ms. Guest:
Use your MBNA care as much as you can, pay your bills - ALL of them - on time, never carry a balance, protect your credit standing. Now call MBNA or XYZ bank - it really doesn't matter which - and watch how they fall all over themselves to maintain a good relationship with you. They'll offer low rates (you don't need them because you never carry a balance, but it's a nice gesture anyway), they'll increase your credit line without being asked, and if you say jump they'll say how high and what can I do for you when I get there.
What's that? You say you don't believe in paying bills on time? You got in over your head and that nasty bank wants to do terrible things to your credit and they actually have the audacity to ask you to send them YOUR money? Shame on them! Imagine wanting to get paid! And they want it on time too! You know, this whole credit card industry ought to be investigated for things like that. There oughta be a law!
Wake up! The real world is calling! You can shout, cry, rant, rave, stamp your feet, call them names, put up web sites, or whatever, but it all comes down to following one rule - spend within your means & pay on time. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
How Often Should You Use a Credit Card to Keep it Active
Author: Guest Posted: Wed Sep 10, 2003 5:38 pm Post subject: How Often Should You Use a Credit Card to Keep it Active
Does anyone know how often you need to use a card with a $14,500 limit to keep it active? Also, is there any dollar amount that should be charged?
This is basically a "stay at home, sock drawer" card for emergencies or in case my wallet gets stolen. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Guest Posted: Wed Sep 10, 2003 6:49 pm Post subject: How Often Should You Use a Credit Card to Keep it Active
once every six months
Author: Guest Posted: Wed Sep 10, 2003 7:30 pm Post subject: How Often Should You Use a Credit Card to Keep it Active
I know that MBNA will not close an open account (one with no balance) no matter if it isnt being used..does the card have a penalty for non use? Inactivity fee? Which card is it? CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Guest Posted: Mon Sep 08, 2003 1:52 pm Post subject: Platinum Mastercard with Free Credit Monitoring
MBNA is now offering a Platinum Mastercard that comes with a FREE credit monitoring sytem. Its called E-Lert.
How it works is when you or someone else applies for something that requires a pull of your credit report,you will be notified within 2 days of the inquiry by email. If no activity is noticed on your account, at the end of the month you are sent an email letting you know all is well.This helps you catch fraud early.
The only catch is you have to make a purchase once every 90 days to keep the service active. But the purchase can be as simple as a pack of gum or a candy bar
No Annual fee 0% promo until June 2004 for BT's and all cash transactions %9.9 fixed rate for EVERYTHING. Not just purchases.
Author: HJM Posted: Tue Sep 09, 2003 4:22 pm Post subject: Platinum Mastercard with Free Credit Monitoring
Can you post the link because MBNA website don't list every credit card it issues?
Author: Guest Posted: Tue Sep 09, 2003 6:15 pm Post subject: Platinum Mastercard with Free Credit Monitoring
HJM wrote: Can you post the link because MBNA website don't list every credit card it issues?
Thanks.
Call the MBNA 800 number. Tell them a telemarketer offered you one and that youre interested. Its not up on the website yet. Its brand new. Just started being offered last week.
Author: Joe Posted: Fri Aug 29, 2003 12:23 pm Post subject: Credit Card Rates
I have an American Express "Blue" card (since early July) with a 7.99% fixed rate after the intro rate expires. I have an offer for a Capital One credit card with a 4.99% fixed rate (no annual fee on either one). How come your web site doesn't have anything this low (nor have other web sites so far); am I unique in the world for being offered rates this low via "snail mail"? Or is the net this slow? Or are my interests not being served? Reckon I'll stick with the "snail mail". CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Guest Posted: Fri Aug 29, 2003 3:01 pm Post subject: Credit Card Rates
The Cap one 4.99% is by invitation only and the blue card rates vary from 7.99 to 12.99, just depends on your overall credit. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Guest Posted: Mon Sep 01, 2003 7:20 am Post subject: Credit Card Rates
crap 1 will not report credit limits so 4.99 2.99 whatever it is bound to kill your score so crap 1 goes in the round file, if you have good credit such as I these are the best deals out there now amex blue 6.99 fixed citi plat prime + 1.99 chase plat 5.99 fixed citi plat dividend prime + 3.99 mbna quantum 7.99 fixed national city plat 7.99 fixed union plus 8.99 v if you have questions on other cards post them I will try to answer, I post at a lot of boards
Author: Shaky Posted: Wed Aug 27, 2003 3:33 am Post subject: Why was I Declined for a Credit Card
hi all
i recently applied for citi bank card . I have almost 2 years of clean history one macy's credit card with 1500 limit and other orchard bank card with 800 limit. last inquiry was 13 months ago from orchard bank.
Citi bank shocked me with their denial letter. telling me reason
** Accounts with zero balance**
which is true i paid my accounts off 4 months ago and didnt use it after that. and before i applied i checked my score with Transunion and Equifax. TU 706 and EQ 740. And citi bank checked my TU report.
Author: rubyjean Posted: Thu Aug 28, 2003 8:28 pm Post subject: Why was I Declined for a Credit Card
Shaky wrote: hi all
i recently applied for citi bank card . I have almost 2 years of clean history one macy's credit card with 1500 limit and other orchard bank card with 800 limit. last inquiry was 13 months ago from orchard bank.
Citi bank shocked me with their denial letter. telling me reason
** Accounts with zero balance**
which is true i paid my accounts off 4 months ago and didnt use it after that. and before i applied i checked my score with Transunion and Equifax. TU 706 and EQ 740. And citi bank checked my TU report.
I just cant belive it.
You could have a score of 810 and if the only Established Credit that you had were one store card and a sub prime Post BKO type of credit card , You will not get a credit card with a major player such as Citi , MBNA, ect.. You can get a score in the high 700's after BKO, but you will still be declined..
How to get extra credit with high credit card balances
Author: jbtrader23 Posted: Mon Aug 25, 2003 5:32 am Post subject: How to get extra credit with high credit card balances
Are there any cards that I could get (even with high interest) considering I have about 90% debt to limit currently? I know anything over 75% of so is trouble, but otherwise I have a very clean record. Only 2 cards and a gas card. Always paid on time. A 688 FICO last time I checked.
An extra $1,000- $2,000 in credit would be nice.
Author: Guest Posted: Tue Aug 26, 2003 12:46 pm Post subject: How to get extra credit with high credit card balances
Despite your decent score and lack of derogs, you can expect a denial from most companies for using such a high percentage of your available credit. I would pay the cards down below 50% before applying for any new credit unless you find a company that is purely score-driven. I understand from posts I've seen that some people think the Household GM card which is approved online instantly is based on credit score alone. I have no idea if this is true. You could try and see what happens. Report back so others can benefit from your experience.
Most credit gurus say that you should only apply for credit when you need it. I'm not one of them but I follow the opposite rule. I only apply for credit when I don't need it. It is when you need credit that banks are the least likely to extend it. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Guest Posted: Tue Aug 26, 2003 10:31 pm Post subject: How to get extra credit with high credit card balances
I agree with your rule. Apply for credit when you don't need it. Last year, having virtually no balance, I had a FICO above 700 and could have easily added a few more cards to get extra credit. Now that I'm in this precarious spot, credit is much tougher, even though I pay my bills on time and only have a few cards.
I'll check out the GM Household card.
My advice for others in tough credit situations. You've got to plan!! I didn't plan and was just hoping for something. Hoping things would get better. I've got a plan now to pay it off by at least the end of the year if not sooner.
Author: Butch Posted: Fri Aug 22, 2003 1:51 pm Post subject: Is it Safer to Carry an ATM Card or a Debit Card?
Is it safer to carry an ATM card rather than a debit card with a Visa or Mastercard logo?
I figure that a thief can't use the ATM card without a PIN, but he can drain my checking account if a Visa/Mastercard check card is stolen. I would get my checking account funds back, but only after a lot of investigation and hassle.
Author: Cathy Posted: Sun Aug 24, 2003 12:12 am Post subject: Is it Safer to Carry an ATM Card or a Debit Card?
As someone who works with both type of cards at my job I think I can add this. A consumer should pick the card type that best fits their needs. However, Visa and Mastercard's 0 % liability policy does extend to their debit cards too (though some banks may not make it that clear). In addition, with a standard atm card if the card does not swipe for any reason (ie a bad strip on the card or our stalite connection to the PIN networks going down), I am unable to process it. However, with the Visa and Mastercard ones, I am allowed to process them without swiping via imprint and/or keying in the #'s (though I am supposed to get an imprint as well). The PIN payment networks do not allow this option, but Visa and Mastercard do.
Author: douglas Posted: Sat Jul 19, 2003 10:46 am Post subject: Do Credit Card Companies Pull Transunion?
My Transunion report is fantastic but Equifax adn Experian not so good. Are there any credit issuers who only pull Transunion? CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: bsgeorge Posted: Thu Jul 31, 2003 12:11 am Post subject: Do Credit Card Companies Pull Transunion?
Author: Aisha Posted: Wed Aug 06, 2003 6:40 pm Post subject: Do Credit Card Companies Pull Transunion?
Hi; The answer to your question lies in which state that you live in. If you Yahoo, you can check out this site it maybe able to help you and is free to join their e-mail is:
Author: Ira Posted: Sun Aug 10, 2003 3:06 pm Post subject: Do Credit Card Companies Pull Transunion?
Yep! That's correct. There's really too much information there, though. Sifting through several thousand inquiries is too much like work, and since I don't have any credit problems it seems pointless, at least for me. Thanks anyway. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: vaughn Posted: Thu Aug 21, 2003 9:55 pm Post subject: Seize my Home for NonPayment of Credit Cards.
First North Amercian National Bank, is trying to seize my home for non-payment of a $3098 credit card acct. I've not received any statements, have a good record of payment with this company and all my other debts are in good standing. I informed them of my new address.
It is my understanding that lack of receipt of payments is no excuse for non-payment, and is my fault for not paying.
What recourse do I have? I'm having great difficulty even contacting anyone of authority within the company. Any clues where to start? CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Sweetened Posted: Fri Aug 22, 2003 3:24 pm Post subject: Seize my Home for NonPayment of Credit Cards.
First of all, they can't take your home. A credit card is an unsecured loan.
How many months without getting a statement did you wait before trying to fix the problem? It sounds like a long time (to me) if the company is using the "we're going to take your home" tactic.
Call them and set up a payment arrangement.
When you get soemone on the phone,ask to talk to their manager...Threaten bankruptcy.Tell them you've secured a lawyer. They always listen when someone says that.
Author: Judy Posted: Tue Aug 19, 2003 5:28 pm Post subject: Interest Rate on Bank Credit Card
I am so upset. I have a credit card with Citibank. They are deducting my credit card payment directly from my checking account. For the last year my payments have been on time. I found out that they pulled my credit report. On my report I have been late a couple of times with other creditors. A representative from Citibank told me that even though I was not late with them they increased my interest rate to 28% because there was something negative on my credit report and because there is a possibility I will be late with them.
I asked a Citibank representative what did you find that was negative - they would not tell me. Now They deducted 198.00 from my bank account and the finance charge was 197.00.
1 dollar went to pay my 8,000.00 credit card bill.
Author: Aisha Posted: Thu Aug 21, 2003 7:51 pm Post subject: Interest Rate on Bank Credit Card
O.K. here's how it works, When you apply and accept credit from practically all banks nowadays they have a clause that allow them to decrease your line of credit and raise your interest rate if they find out you are late paying your other creditors, your use of credit, or maxing or nearing your credit limit. It is desirable to keep all payments on time and at least pay the minimum to all of your creditors instead of chosing one over the other (how is a bank to know that oneday you might not like them anymore and stop paying them on time?). It is not a good idea to have your amount of debt that you owe spread out on having too many credit cards. Read some of the other post on this site the guys like [b]Verne, Ira and Eugene are very well knowledged in this and have given some very valuable information that has helped me and others in this area. Good luck!
Author: maximus909 Posted: Mon Jul 14, 2003 3:23 pm Post subject: Transfering Large Balance to Another Credit Card
Dear All - After a wedding and honeymoon, I find myself with $32K of debt on my FirstUSA United card. I need out from under the APR and want to transfer.
Please provide your best recommendations for a new card with a 0% APR for transfers, for as long as possible and as much as possible; or any other credit advice is welcome. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: rasca13173 Posted: Mon Jul 14, 2003 7:04 pm Post subject: Transfering Large Balance to Another Credit Card
i got a discoverplatinum card with no annual fee 0% apr for life. no balance transfer fee the catch if you can call it that is that you have to make 2 transactions a month. keep in mind that there is no minimum on the transactions, so if u can buy 2 cups a coffee a month and put it on the card you are set to go.....they figure that they can make money on the finance charge for the new charges, but if you don't charge that much you don't have to worry about it... the minimum finance charge fee is fifty cents, i can live with that when i have a 17000 dollar balance... you must be diciplined enough to keep on top of this since there are no second chances....in other words pay your minimum payments and make your 2 transactions a month...how they offered me this is beyond me since i don't use the card for anything......so if you can get this you can enjoy 0% for life on balance transfer......good luck CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Noel Joly Posted: Tue Aug 12, 2003 6:20 am Post subject: Transfering Large Balance to Another Credit Card
Dear Rascal Seeking advice please. Messaging from Australia. I was surfing the internet tonight looking for a cheap CC, and came across "Discover", but I'm having difficulty locating a contact address for enquiries for a CC, perhaps a card like yours, or one with an introductory 0% APR. But then, I don't even know whether Discover" do business with overseas clients. Can you advise please. Cheers Noel CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Peachkiwi Posted: Tue Aug 12, 2003 6:53 am Post subject: Transfering Large Balance to Another Credit Card
Quote: Messaging from Australia. I was surfing the internet tonight looking for a cheap CC, and came across "Discover", but I'm having difficulty locating a contact address for enquiries for a CC, perhaps a card like yours, or one with an introductory 0% APR. But then, I don't even know whether Discover" do business with overseas clients. Can you advise please.
Discovercards are only accepted in the US, Canada and Mexico. Perhaps you could look into Chase. They sometimes offer 0% balance transfers 12-15 months without a fee! CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: rasca13173 Posted: Tue Aug 12, 2003 6:48 pm Post subject: Transfering Large Balance to Another Credit Card
[quote="Noel Joly"]Dear Rascal Seeking advice please. Messaging from Australia. I was surfing the internet tonight looking for a cheap CC, and came across "Discover", but I'm having difficulty locating a contact address for enquiries for a CC, perhaps a card like yours, or one with an introductory 0% APR. But then, I don't even know whether Discover" do business with overseas clients. Can you advise please. Cheers CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Guest Posted: Wed Aug 13, 2003 3:47 am Post subject: Discover and Bank One Credit Cards
Please read the reviews on the Discover, First USA, and Bank One cards before you apply. Then make a decision. I recommend you look at the ratings of Discover, First USA, and Bank One cards on cardoffers.com. CardRatings.com is the most comprehensive source forcomparing credit card offers. Please visit CardRatings.com toview the best rated credit cards!
Author: Sweetened Posted: Tue Aug 19, 2003 6:11 pm Post subject: Transfering Large Balance to Another Credit Card
Discover=worst card in the industry!
Double cycle billing is a crock of poopy and half the people who have Discover don't know what that even is.
Why have a card that isnt even accepted at half the places Visa/MC is, with a poor cash back rate and does the double cycle billing trick?
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